Disclaimer: I don’t care about StackOverflow or StackExchange sites. I can use them for asking or answering questions, but I have no respect for the sites; if some day they disappear, I would not regret.
I quite understand now how this crowdsourcing business works. They created an attractive platform for users to ask questions and to answer questions, without paying a cent to both askers and answerers. Ok, no offence, this is just business. But at least people expect some respect for what they are doing for SO and SE money makers. Question askers expect some respect for their questions; question answerers expect some respect for solving problems of question askers, and moderators expect some respect for what they do to support the platform. No money, just respect; but nobody who works for SO/SE business for free is granted respect.
The Monica Cellio drama has shown that even diamond moderators have no respect from whose who work for money; SO and SE business use it’s users like a toilet paper; and if they think it is profitable to blame a user for what he/she did not do, they will blame. No personal, just business.
The Programming Works 
Never heard of that drama. Tried to read what’s it all about, after some pages I still don’t know where’s the problem at all. Could you explain in short what happened? I do like SO just because you can up- and downvote answers – which is way ahead of any blabla-forum (if you take a look at the second best answer at SO as well, which is most of the time the better answer on old questions).
In a private chatroom for moderators, where an upcoming CoC was discussed, Monica asked for clarifications regarding some contradictions in the new rules how to address a person’s gender. That discussion lead to an immediate suspension and loss of all her moderator assignments. The reason given from the management was that Monica had broken the CoC.
The way it was done (an act without warning) provoked lots of moderators (who resigned or put their efforts into hold). When this was made public, lots of users supported Monica in the process of getting her reinstated, demanding the company to make a public excuse.
Together with an updated license enforced retroactively on all contributions, this all stirred up a wall of protests against the (mostly new) management.